As a metal packaging manufacturer, we have always underscored the importance product appearance holds in brand perception and experience. When enjoying a beverage, the packaging is the first and last interaction consumers have with the brand—and the right graphic design can make a world of difference in making those connections successful. Our newest honor as the winner of the inaugural Colored by INX Can Design Contest, hosted by INX International, drives that point home. We are pleased to share that Crown Mexico’s Toluca-based team of designers and technical operators earned the title with a vibrant can design for INDIO, a dark beer brewed and sold in Mexico since 1893 and owned by Heineken. Our graphics experts worked with the brand to design the look of the 16oz Pueblos de México Unido Edición Muertos beer, a special-edition package promoting the country’s annual Dia de los Muertos holiday. Utilizing three colors from the INX Metal Color Catalog and INX Color Perfection library, the design features high-contrast neon and jewel tones that highlight the spirit of the celebration, which pays tribute to lost loved ones.
First quarter net earnings (loss) attributable to International Paper of $360 million ($0.95 per diluted share) compared with $107 million ($0.28 per diluted share) in the fourth quarter of 2021 and $349 million ($0.88 per diluted share) in the first quarter of 2021. First quarter adjusted operating earnings (non-GAAP) of $288 million ($0.76 per diluted share) compared with $301 million ($0.78 per diluted share) in the fourth quarter of 2021 and $198 million ($0.50 per diluted share) in the first quarter of 2021.
*$40 million of earnings achieved from Building a Better IP initiatives
*14% year-over-year revenue growth
*First quarter cash provided by operations of $588 million
*Share repurchases of $406 million
*Actively pursuing strategic options, including a sale of equity investment in Ilim Group
“International Paper’s earnings in the first quarter were better than our outlook. We generated strong cash from operations and returned $580 million to shareowners, including $406 million of share repurchases,” said Mark Sutton, Chairman and Chief Executive Officer. “Commercially and operationally we performed well in the quarter to overcome significantly higher input costs. Looking ahead to the second quarter, we anticipate stable demand at elevated levels. We expect margin expansion as realization of prior price movements begins to outpace higher costs, and we step down from our highest maintenance outage quarter of the year.”
Sutton added, “We are accelerating value creation through our Building a Better IP set of initiatives and are confident in our full-year target of $200 to $225 million of incremental earnings. In the first quarter we achieved $40 million of earnings through these actions.”
details at: https://internationalpaper2015.q4web.com/news-releases/press-r/2022/International-Paper-Reports-First-Quarter-2022-Results/default.aspx